can you crowdfund your divorce

Crowdfunding Your Divorce

Goldberg Jones Divorce, Finances Leave a Comment

Divorce is usually a private matter. Sure, your friends and family know what you’re going through. But most people don’t broadcast that news to the general public. As social media has become a ubiquitous part of modern life, that has changed.

The rise of crowdfunding also changed our lives. It impacts how people start businesses, cover medical costs, and more. This exerts a significant influence, including on the way people approach divorce. In case our point wasn’t clear, you can now crowdfund the end of your marriage.

Can You Crowdfund Your Divorce?

Crowdfunding your divorce may initially seem counter-intuitive, but as new platforms like Kickstarter, GoFundMe, and more seem to pop up weekly, this may have been inevitable.

You can turn to this strategy to finance art projects, nonprofit campaigns, and any other idea you can come up with. Why not divorce?

A few years back, California couple Sara and Josh Margulis launched a website called Honeyfund. They designed the resource to allow newlyweds to crowdsource dream honeymoons.

From there they created an offshoot, Plumfund, to finance other “life events.” Through this outlet, users can bankroll baby showers, support causes, throw birthday parties, and more. Then they added crowdfunding divorce as an option, which really brings their efforts full circle.

This probably comes as no surprise, but divorce can be an expensive undertaking. The Margulis’ had the idea after a friend was left in grim financial circumstances following a conflict-riddled divorce and an extended custody battle.

Via Plumfund, family, friends, and even random strangers, should they feel so inclined, kick in to help individuals cover the cost of dissolving their marriage.

Divorce often becomes a massive monetary drain, especially if in contentious splits. While it may seem a bit outlandish, the crowdfunding option helps protect your financial well-being moving forward. No one wants to don’t start a new life in the red.

We will have to see if this model catches on, but it’s an intriguing new option. It allows people to reach out for help in these situations, especially as the dollar amounts pile up. That’s precisely the kind of thing Plumfund and other crowdfunding outlets may be able to help with.

This may be an unusual approach, one that wouldn’t occur to many people, but in the present cultural picture, it’s not the most out-there idea. We probably haven’t heard the last about this phenomenon.

Crowdfunding divorces may or may not catch on, but if you’re in a situation where you didn’t think it was financially feasible, you may want to explore this option further.

Related Reading: The Cost of Divorce: What You Should Know

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